Aercap Holdings N.V. (NYSE:AER) had its target price lowered by equities research analysts at Royal Bank Of Canada from $77.00 to $74.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 46.22% from the company’s current price.
Other analysts have also recently issued reports about the company. Cowen and Company restated a “buy” rating and issued a $55.00 price target on shares of Aercap Holdings N.V. in a research note on Thursday, October 12th. Zacks Investment Research upgraded Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, August 15th. BidaskClub cut Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Finally, UBS AG raised their price target on Aercap Holdings N.V. from $44.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.10.
Shares of Aercap Holdings N.V. (NYSE:AER) opened at $50.61 on Tuesday. The stock has a market capitalization of $8,164.68, a price-to-earnings ratio of 7.54, a PEG ratio of 0.69 and a beta of 1.87. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap Holdings N.V. has a 52 week low of $41.34 and a 52 week high of $54.50.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.15. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. analysts anticipate that Aercap Holdings N.V. will post 6.26 EPS for the current year.
Aercap Holdings N.V. declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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Hedge funds have recently modified their holdings of the business. Financial Architects Inc grew its holdings in shares of Aercap Holdings N.V. by 2.1% during the second quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 52 shares during the last quarter. Huntington National Bank grew its holdings in shares of Aercap Holdings N.V. by 4.8% during the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 136 shares during the last quarter. Israel Discount Bank of New York grew its holdings in shares of Aercap Holdings N.V. by 35.2% during the second quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 950 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Aercap Holdings N.V. during the third quarter worth about $208,000. Finally, Atria Investments LLC purchased a new position in shares of Aercap Holdings N.V. during the second quarter worth about $211,000. 91.44% of the stock is currently owned by institutional investors.
Aercap Holdings N.V. Company Profile
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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